Question: Robert is down on his luck and asks Mae for a $ 2 0 , 0 0 0 loan. Mae is quite wealthy and decides

Robert is down on his luck and asks Mae for a $20,000 loan. Mae is quite wealthy and decides to give Robert the $20,000 as a gift rather than a loan. Unfortunately, the amount of the gift is more than the allowable deduction and Mae will be taxed on a portion of the $20,000 that she gives to Robert. On what is Mae being taxed?
Group of answer choices
Her income
Her wealth
Her property
Her purchases
None of the answers are correct

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